[R-SIG-Finance] Returns used to compute the alpha and the beta

[Benoit Schmid]

julien cuisinier wrote:
>
> As I mentioned, all this are my opinions...and subject to the reason 
> why you want to compute an alpha & beta...the beta being one of the 
> most notoriously misleading indicator out there...ask me more on this 
> if interest.
> <http://clk.atdmt.com/AVE/go/onm00200471ave/direct/01/>
Do not hesitate to develop why you think that the beta is a misleading 
indicator.

 From what I understand, it is useful to estimate the leverage
of the fund with respect to the benchmark.

Thanks in advance for your answer.